BANKS in Spain sighed in relief on Wednesday after the Supreme Court ruled in their favour regarding mortgage contract clauses that obliged customers to pay the mortgage tax stamp duty (Impuesto de Actos Jurídicos Documentados).
Had the national court ruled in favour of customers, as many provincial courts had, banks would be facing a stream of demands that would have amounted to millions of euros in payouts.
Of the hook? are you sure you don’t mean OFF the hook?
Corrected – website typo – apologies